ebay shopping
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ebay shopping
Does online shopping and ebay shopping effect me when i get my taxes done ? im new to online shopping and just started to buy on ebay.. a friend told me that next year when i go do my taxes i would have too pay cause you don't pay tax.. i assume this only apply for ebay shopping cause i don't pay sale taxes but my other online purchases i have made i had to pay sale taxes... so could someone please tell me how this all works out.
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phantomlimb
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Re: ebay shopping
http://www.msnbc.msn.com/id/11658852/ns ... sell-ebay/kumlypha wrote:Does online shopping and ebay shopping effect me when i get my taxes done ? im new to online shopping and just started to buy on ebay.. a friend told me that next year when i go do my taxes i would have too pay cause you don't pay tax.. i assume this only apply for ebay shopping cause i don't pay sale taxes but my other online purchases i have made i had to pay sale taxes... so could someone please tell me how this all works out.
Pretty sure buying things doesn't count (I believe Amazon does charge taxes in certain states or something. Maybe? Shit, I don't know).
Re: ebay shopping
I think sites are supposed to charge sales tax if its shipped within the same state. Just a guess but I know Supreme only charges tax in New York on their online shop.
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vinyljunkie
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Re: ebay shopping
no you will only get taxed if you buy and sell more than 20,000$ in paypal transactions in a single year. Or have 1000 transactions. Whichever comes first.
then paypal will automatically send you the paperwork.
that is for income tax though, you arent liable for sales tax, unless you buy from your same state, in which case its the sellers responsibility to charge it at the sale. You cant get hit retroactively for sales tax.
then paypal will automatically send you the paperwork.
that is for income tax though, you arent liable for sales tax, unless you buy from your same state, in which case its the sellers responsibility to charge it at the sale. You cant get hit retroactively for sales tax.
Re: ebay shopping
actually, under most state "sales and use tax laws" buyer IS responsible to pay sales tax on internet purchases if the seller doesn't have nexus in a state to be charging sales tax.
you can google this and find out.
however, to my knowledge no one follows these laws and they are currently not enforced.
you can google this and find out.
however, to my knowledge no one follows these laws and they are currently not enforced.